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  Alert! LIC has an important message for its policyholders

  Business | October 11, 2019 15:10 IST

  LIC policyholders alert! News is doing rounds of social media platform claiming that LIC is in a weak financial position and several of its policyholders might end up losing their money.

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  LIC Policy: Attractive tax benefits you can get on your insurance premiums; check details

  Fyi | July 23, 2019 15:23 IST

  Life Insurance Corporation of India (LIC) is the State-owned largest insurance policy provider - for life insurance, health insurance, pension plans or several other insurance and pension schemes. There are several tax benefits LIC policyholders can get on their LIC policies.

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  Supreme Court declines to hear PIL alleging fraud in LIC's 'Jeevan Saral' insurance policy

  India | July 15, 2019 17:24 IST

  A bench comprising Chief Justice Ranjan Gogoi and Justice Deepak Gupta took note of the submission of Solicitor General Tushar Mehta, appearing for the LIC, that a PIL under Article 32 of the Constitution should not be entertained as the aggrieved insurance purchaser can approach the consumer courts for redressal of grievances.   

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  CBI arrests two LIC officials for Rs 3 crore death-claim fraud

  India | June 06, 2019 15:35 IST

  The scam went undetected in Kodad branch of Suryapet district, Telangana for nearly 10 years between 2008 and 2018 till an internal audit by the LIC caught the ongoing fraud, the officials said.

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  LIC transfers Rs 1,644-crore surplus to Central government

  December 17, 2014 7:40 IST

  New Delhi: State-run behemoth Life Insurance Corporation (LIC) has transferred Rs 16,43.89 crore from its surplus account to the government, after distributing 95% of the total surplus as bonus to the policyholders.The amount was presented

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  LIC to step up services in cyclone-hit AP, Odisha

  October 18, 2014 14:59 IST

  Chennai: The country's largest life insurer, Life Insurance Corporation of India, has appointed nodal officers in cyclone-devastated Andhra Pradesh and Odisha for stepping up its services in the region, including expediting settlement claims.LIC has eased

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  Life Insurance Corporation gets Rs 11,500crore in income tax refunds, policy holders to benefit

  October 02, 2014 21:17 IST

  Mumbai: Life Insurance Corporation (LIC) has received more than Rs 11,500 crore in income tax refunds and a big chunk of the amount would be passed on to policyholders, an official said."We received I-T refunds

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  LIC beats pvt sector insurers in H1 premium collection

  November 17, 2013 16:00 IST

  New Delhi: Life Insurance Corporation has outperformed its peers in the private sector by recording a 7.26 per cent growth in premium collection during the first half of the current fiscal.Several large private sector insurance

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  G. K. Pillai appointed Chairman of MCX-SX

  November 03, 2013 19:22 IST

  New Delhi: The troubled Financial Technologies-promoted stock exchange, MCX-SX, on Friday, said it had appointed former Union Home Secretary G.K. Pillai as its Chairman.Also, former acting Chairman of the Life Insurance Corportion, Thomas Mathew T.,

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  LIC buys scrips worth Rs 14,500 cr in 15 Sensex constituents

  October 27, 2013 16:03 IST

  New Delhi: State-owned insurance giant LIC has increased its exposure in 15 blue-chip firms during the July-September quarter with purchase of shares estimated to be Rs 14,500 crore at current valuation.The holding of Life Insurance